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Senior Analyst Confirmations Commodity and Interest Rate Derivatives

Apply now Job ID 14328749632 Date posted 09/13/2021

Primary Locations: Montreal, Quebec

Employee Status: Regular

Schedule: Full-time


  • Are you passionate about delivering a superior customer experience?
  • Would you like to contribute to the transformation of this sector?
  • Do you want to deepen your expertise in financial markets?

Join the Financial Markets Operations sector.

This position reports to the Manager, OTC Commodities & IRD.

Being a Senior Analyst, Confirmations Commodities & IRD means collecting, analyzing, and interpreting a variety of data. It means interacting with the various sectors of the Bank and more experienced professionals to provide technical support of a routine nature to those involved in daily operations.  It also means working in an environment that allows you to surpass yourself.  It is having the opportunity to learn and develop within a team that values customer satisfaction, performance, collaboration, and innovation.

Your main challenges:

  • Understand and analyze OTC derivative transactions to confirm them with the various counterparties according to ISDA standards, either via paper or electronic platform
  • Act as a resource person for the Front Office and the various partners regarding the documentary management of OTC derivative transactions according to applicable ISDA standards
  • Produce or send within the prescribed deadlines the confirmations for the OTC derivative products traded by the Bank for the market(s) under your responsibility, which requires the drafting of confirmations for certain transactions and for new products
  • Interact and determine the procedure to follow with counterparties, the different sectors, co-workers, and the manager to resolve discrepancies observed during the reconciliation process
  • Be aware of any new ISDA standards and documentary developments
  • Follow up with the various counterparties and sign any outstanding confirmations or amendments within the prescribed timeframe
  • Carry out the controls set up to manage the operational risk associated with this activity (verification of signatures, ISDA contract date, name of counterparty ....)
  • Adhere to established policies, standards, and procedures for confirmation processing

Qualifications:

  • Bachelor's degree related to the industry and four years of relevant experience OR Master's degree related to the industry and two years of relevant experience 
  • Experience in OTC derivatives analysis desirable
  • Strong knowledge of commodity products and IRD
  • Good knowledge of Access, Word, and Excel
  • Interest and aptitude for writing
  • Focused on continuous improvement
  • Propensity to provide prompt and efficient service to relevant customers
  • Resourcefulness, autonomy, and thoroughness
  • Good management of stress and priorities
  • Ability to work in a team
  • Analytical and problem-solving skills
  • Bilingualism (spoken/written) French and English essential

At National Bank, we stand out by investing in our employees throughout their careers—as demonstrated when we were awarded silver in the "Most Innovative use of HR Technology" category at the 2020 Canadian HR Awards for our use of Axonify, a personalized learning solution that can be used every day. 

The Bank has innovated by modernizing its performance evaluation system to better meet our clients’ evolving needs. From now on, the corporate values (expected behaviours) of partnership, agility and empowerment count as much as the business objectives.

Working at National Bank means having access to competitive working conditions, a wide range of employee benefits, a dynamic work environment and telemedicine services.

National Bank values all aspects of diversity and sees it as a tremendous source of wealth. We want to offer an open, respectful work environment where all employees can achieve their full potential. Senior management has made a concrete commitment to promote this value across all sectors of the organization.  We're committed to providing accommodations as needed and ensuring accessibility during the recruitment process and after hiring.  If you have any specific needs, please let us know during our initial conversation and we'll be happy to accommodate you.

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JobField: Operations

Unposting Date: 2021-09-27

Job Number: ANA000SM

Posting Date: 2021-09-13

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